Regis (NYSE:RGS) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Regis (NYSE:RGS) from a sell rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Regis Corporation owns, franchises and operates beauty salons. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters and First Choice Haircutters. Regis maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan. “

Several other equities research analysts have also recently issued reports on the company. Jefferies Financial Group cut Regis from a buy rating to a hold rating and set a $10.00 target price on the stock. in a report on Friday, January 22nd. Loop Capital raised Regis from a hold rating to a buy rating in a research note on Monday, February 1st.

Shares of RGS opened at $12.91 on Wednesday. The firm has a market cap of $462.01 million, a P/E ratio of -2.40 and a beta of 2.71. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.84 and a quick ratio of 0.60. Regis has a 1 year low of $4.80 and a 1 year high of $14.39. The company has a 50 day simple moving average of $12.27 and a two-hundred day simple moving average of $9.12.

Regis (NYSE:RGS) last posted its earnings results on Tuesday, February 2nd. The company reported ($0.72) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.56). The company had revenue of $104.32 million for the quarter, compared to analysts’ expectations of $125.40 million. Regis had a negative net margin of 36.19% and a negative return on equity of 37.22%. On average, sell-side analysts anticipate that Regis will post -0.76 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Vantage Consulting Group Inc bought a new stake in shares of Regis during the fourth quarter worth $26,000. Citigroup Inc. lifted its holdings in Regis by 250.0% during the 4th quarter. Citigroup Inc. now owns 5,716 shares of the company’s stock valued at $53,000 after buying an additional 4,083 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Regis in the 3rd quarter worth about $66,000. Inspire Advisors LLC bought a new position in Regis in the 4th quarter worth about $91,000. Finally, Paloma Partners Management Co purchased a new position in shares of Regis during the third quarter worth approximately $135,000.

About Regis

Regis Corporation owns, operates, and franchises hairstyling and hair care salons in the United States, the United Kingdom, Canada, and Puerto Rico. The company operates in two segments, Company-owned Salons and Franchise Salons. Its salons provide haircutting and styling, including shampooing and conditioning; hair coloring; and other services, as well as sells various hair care and other beauty products.

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